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places besides the u.s. stock market. the metals were on fire today, particularly silver. slv, that's the way you play it. goes much higher. >> all right, i'm melissa lee. see you tomorrow, 9:00 a.m. we have the ceo of tomorrow's ipo solar city, then back here at 5:00 >>> i'm jim cramer and welcome to my world. >> you need to get in the game. >> he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere. "mad money." you can't afford to miss it. i'm cramer. welcome to "mad money." my job is not just to entertain but i'm trying to teachary and coach you. call me at 1-800-743-cnbc. you can blame the democrats for their inability to offer any cuts for spending. you can blame the republicans for not even wanting to consider tax increases. but don't you dear blame ben bernanke for not being willing to take bold action to get this economy hiring and moving again! even if his statements about economic weakness ultimately caused the averages to stumble from some pretty lofty levels. dow only declining ability 3 points s & p inching up 4.4%. close in
what to do. the fact of the matter is this treaty raises the world to the standard of the u.s. doesn't require the u.s. to change its standards at all and doesn't in any way give the u.n. power to do anything in this country. but i think it's -- all you have to do is say u.n. and people on the right get very ex or sized. rick santorum helped lead the opposition to this treaty. i think he's out of step with the american people, out of step by the way on this tax cuts for the rich stuff. you know, bobby jindal said today and i that you say it was remarkable, we're in danger of becoming the party that defends the rich, anti-medicare, antisocial security, and there's no future in that kind of republican party nor is there one in a party that's anti-handicapped. >> let me go to john on this because you and i, john, i think we all know people in our business, in the journalism world, and in consulting who have handicaps, they are in wheelchairs but they raise a ruckus effectively if there's some facility that doesn't allow them access or a reasonable way of getting through that situation.
point. iran claiming it captured a u.s. drone and claiming they have the pictures to profit. the pentagon is saying mott so fast. martha: the navy says all u.s. drones are accounted for. iran fired on an unmanned u.s. drone in the gulf last month. bill: what more do we know about this claim and this drone? >> reporter: iran is showing off what it claims is an eagle drone. he says the intruding drone was caught after taking off from an aircraft carrier. iran state television says it was captured. this is from the english language iranian state television said quote it was on a mission over the persian gulf in the last few days. if all this does sound familiar. it was almost a year ago to the day iran claimed to have shot down a cia drone. iran claimed it recovered secret data. the u.s. says the drone in question was in international waters. iran has a history of making claims it can't prove when it comes to u.s. drones. bill: what has the navy said? >> reporter: the department of defense wasted no time saying they do not have any missing drones. they said the u.s. navy has ac
fit and she stays active. >> just part of a taxpayer funded ad campaign from the u.s. department of agriculture encouraging seniors to get on food stamps because they will make you look better. we have more news on the food stamp front that will make you angry and that's later in the show. with the tax and fiscal cliff looming 21 days from now, is there a reason for even some slight optimism this evening? joining us now in studio, we welcome distinguished house members carolina maloney of new york and larry kudlow's house member in manhattan. and the republican from arizona. as always, welcome to both of you. dave, let me ask you this. i'm hearing a lot of this that there is a strategic retreat by the republican party. 57b and that they are not either in the house or senate going to block the middle class stax tax cuts which proliferate in terms of the bill. is that true, sir? >> i haven't been invited into the strategic retreat caucus. look. i hear more on the news than i ever actually come across in reality in d.c. so far, i do not see a willingness, particularly on the conserv
remain before the u.s. goes over the edge. that means tax hikes and spending cuts that could trigger another recession. congressional leaders will meet today at 3:00 p.m. eastern time. the full house not even expected to return to work until sunday. here is the guest list for today's showdown. the president, vice president biden, senate majority leader harry reid and house minority leader nancy pelosi on the democratic side. house speaker john boehner, mitch mcconnell representing the republicans. brianna keilar live from washington. what do we expect to happen today? any new offers from the president or house speaker? >> we don't know. right now, all eyes on the senate to see what senate majority leader harry reid can cobble together to get some republican support. technically, it's still possible to come to an agreement. that said, politically is a different story, and the prospects for coming to a deal are starting to dim. right now, we're hearing a whole lot of the blame game. a lot of public posturing from both sides as they prepare for the possibility of going over the cliff. l
turn to mr. ron claiborne. >> good morning, everyone. >>> u.s. forces in afghanistan have helped repel an attack on a joint u.s./afghan base. taliban suicide bombers assaulted the jalalabad early this morning. detonating two vehicles packed with explosives and striking a gun battle that lasted two hours. all of the attackers were killed. two civilians were also killed. four afghan troupes were also killed. no u.s. troops were injured. >>> and new details this morning on that deadly bus crash at miami international airport. two people were killed when a religious group's bus slammed into an eight-foot-high overpass because the driver took a wrong turn. mark greenblatt is here with the latest details. >> reporter: good morning, ron. as many as three people are clinging to life this morning after that crash in miami. just one of thousands of bus crashes that we found happening every year in the u.s., leaving a long trail of injuries and worse. >> just very bloody. everybody had cuts and scrapes. >> reporter: the entire front of this bus, caved in and the ceiling collapsed, injuring more t
new poll shows that 52% of u.s. adult dults favor major restrictions on guns, making all guns illegal versus 47% last august. let's turn to our white house correspondent brianna keilar. she's joining us. the president came out and didn't mince very words. >> reporter: no, wolf. this is the first time that president obama has laid out a time line. he appointed vice president biden to lead this group of cabinet lawmakers to come out with some solutions and he wants those recommends from him no later than january. the president said this time washington won't just talk about tackling gun violence. >> this is not some washington commission. this is not something where folks are going to be studying the issue for six months and publishing a report that gets read and then pushed aside. this is a team that has a very specific task to pull together real reforms right now. >> reporter: he urged congress to vote early next year on an assault weapons ban and high ammunition clips and close the loopholes so all gun buyers are subject to background checks. >> we're going to need to work on making
on the agenda when u.s. and russian officials met in geneva today with the u.n. peace envoy. reports say after 21 months of relentless bloodshed, they agreed it was still possible to find a political solution to the crisis. but russian foreign minister sergei lavrov insisted the meeting did not mean moscow's support for syrian president bashar al assad is weakening. fierce fighting threatening to engulf the city of damascus. >>> as that battle for the capital intensifies, the stakes are getting higher in syria, and the regime is getting even more desperate. the pentagon believes government troops have loaded bombs with sarin gas in what may be the last-ditch attempt for president assad to hold onto power. but as barbara starr reports now, a u.s. military strike on syria is not without risk. >> reporter: with the u.s. now believing the syrian government has chemical-filled bombs, cnn has learned the pentagon is secretly updating military strike options for president obama in the event he orders action. a senior u.s. official tells cnn a strike could be carried out with the ships and aircraft al
, the u.s. is concerned about what they're seeing in libya, according to all reports, that some of the weapons that were supplied through middle men have now gotten to terror groups. they're concerned about tracking the weapons and about possible blowback depending what kind of regime replace assad because no one thinks this regime will survive, whether it takes weeks, months, or a year. no one really thinks and you are a lot closer to it than all of us that assad is going to survive. >> it doesn't seem like assad is going to survive. when i went in a few days ago, i wasn't sure as well if he had a few more days, if he had a few more weeks. i don't think that this is going tolg very quickly. i would say a few more months. i explained this to -- or described it to one of our editors that imagine there's a big iceberg or a big wedge of ice and you are chipping at it with an ice pick. initially you just get tiny little flakes. eventually big chunks start to come off, and chunks are now coming off. the assad regime is breaking apart. rebel units are being -- are winning and taking o
. a u.s. ambassador and three others were killed in a terrorist attack on that diplomatic compound in libya. one state department official resigned wednesday and three others removed after an independent panel found security at the consulate was insufficient and state department leadership was to blame. >> the security posture at the special mission compound was inadequate for the threat environment in benghazi. and in fact, grossly inadequate to deal with the attack that took place that night. >> the report also found the attack was not the result of protests over an anti-islamic video as was first reported. later today, two deputy secretaries of state will testify before congress about the attack. secretary of state hillary clinton will not be there. she's recovering from a concussion after fainting from the stomach flu. aides say clinton, the most traveled u.s. diplomat ever won't be making any trips at all for a few weeks. state department officials dismiss claims that clinton is faking her illness to avoid testifying. >>> vice president joe biden is getting right to business w
. that is a scathing conclusion of an independent review board investigating the deadly september 11th attack at the u.s. consulate in benghazi. ambassador chris stevens and three other americans were killed that day. the panel finding security in benghazi was grossly inadequate to cope with the attack, that washington ignored repeated requests to beef up personnel, and ultimately a lack of transparency, responsiveness and leadership senior levels both this washington and in libya. alise, what do you make of this report. a lot of these findings we've been talking about for a very long time. >> that's right, but also in the last few months, there's been so much politicization of this attack, especially with these talking points and the whole issue of susan rice, ambassador susan rice and what she said about whether there was a protest. this report didn't find that there was a protest, but it also kind of really is the first look at what went wrong, a kind of very sobering look i'd say of what went wrong. and they said that basically the state department and the embassy in libya kind of missed the warning
opposes the -- roll back their rights. michigan and its workers' role in the revival of the u.s. automobile industry is a prime example of how unions have helped build a strong middle class and strong american economy. that has come from matt lairic before the president's speech there. polls show michiganders are torn, divided on this measure. some polls show a little bit of majority support on the effort. but the president is coming down squarely on the side of unions here. and he -- there is leave nothing room for doubt where he stands, brooke. >> that's what we're hearing, what you're getting from the white house today and certainly we don't know, but perhaps the president will mention what is happening not too far away in lansing. let me ask you, jessica, the fiscal cliff is something we have been talked about each and every day here on cnn, the president met with the speaker of the house and am i correct, has it been about a year since the two of them had a one on one face to face, so what are we learning detailwise from the meeting? >> the bottom line is the status appears
saying the differences in the u.s. congress over the fiscal cliff could be settled if. that's what he's really saying in this press conference in damascus. the elements are there under plan world powers agreed to back in jeune. but, of course, getting agreement if there fr. the assad side and the rebels the and the government, that's a tall order. he's an experienced negotiator. there seems to be some momentum with a flurry of talks and shuttle-type dip ploemmy but he still said and lamented syria is deteriorating rapidly. and as he said there's no u.s./russian plan. there may be discussions on options. can will there a transitional government formed and then elections but we're still not at that stage yet, suzanne. >> do we think he's bringing anything to the table that kofi annan did not who failed in brings these sides together? >> yes. and in failed, it may be a matter of timing. certainly the matter of violence has an eastbound. 40,000 report lid dead. brahimi has not had that success either but he's plugging away. he's been the man in the field from the u.n. from haiti to yemen.
. the only place you have it is overseas. europe looks stable compared to the u.s. right now what does that say about our dysfunctional system? it says our dysfunction is our competitor's advantage in this market and that is sad. >> amen to larry. that was well said. i don't think i can add anything. >> for the average investor watching right now, any advice? >> no. i think that what's going to happen is there will be refl reflexive knee-jerk reaction higher if one of those two things i said happen. the market was up quite a bit since mid-november. the small-cap his been up 9.5% until the sell-off and they'd given a lot of that back, but there was a lot of good feelings priced in, and to me it's not that awful for us to take some of that off. i think the next month will be choppy and whipsaw, but 2013, there are a lot of good things going, housing market, china, japan. i would buy some things. >> guys, got to cut you off. larry, you'll get more time next time, promise. see you later, jim. >>> we're all over the fiscal fiasco. tune in to cnbc this sunday night. yep, we're working the we
, the syrian regime has turned increasingly desperate. u.s. officials tell nbc news the syrian military loaded the precursor chemicals for sarn nerve gas into aerial bombs. that could be dropped from dozens of syrian fighter bombers. this week u.s. intelligence detected a flurry of activity at chemical weapons sites like this one. while u.s. officials confirm the precursor chemicals are loaded, they must still be mixed together to create the deadly sarin gas. the development shook the world. president obama and secretary of state hillary clinton issued strong warnings to syria's president assad that there would be serious consequences if he used chemical weapons. >> it's the point of no return. they're going to lose any sort of backing that they had from the chinese and russians in terms of blocking the u.n. vote. and it's my -- it's a suicide move. >> reporter: iraq's saddam hussein killed 5,000 kurds with a sarin gas attack in 1988. jim miklaszewski, nbc news, pentagon. >>> back here at home, fiscal cliff negotiations in washington are still up in the air. most lawmakers have gone home for a
business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut temporarily in 2 009, cut by two percentage points and will go back up by two percentage points and that would come out of workers' paychecks right off the bat. it would add up to something like $60, $70 a month for the typical worker. we hear about all the tax rates that are going up, that actually wouldn't involve money that is in people's pockets until they actually pay their taxes or do their tax returns the following year. because that's when they would have to calculate the amount they owe and whether they paid enough taxes in 2013. so the good and bad news about that is that is not going to affect people right away, but that also means they can put that one off for a long time and we could go --
it blasted off the west coast and the u.s. military which monitors the activity of that isolated nation says it looked like an object was placed into orbit. so let's get up-to-date. chris lawrence is at the pentagon. >> we're getting better and new information about that north korean launch. u.s. officials now saying that the satellite that north korea put into space is now in polar orbit. norad has been monitoring it with its space sensors. remember, they tried a rocket launch earlier this year back in april. they did not have much success. this is the first time they have seen all three stages of that rocket launch work and be able to put a satellite into orbit. it sounds very benign, putting a satellite into orbit is not something that you would think of that has military connotations. but the same technology that you use to put a satellite into orbit is really the same kind of technology that you would use to build a long range nuclear missile. >> and the timing appears to have been some kind of surprise to u.s. officials. how worried is the pentagon right now after this launch? >> well,
and putting it to work. the u.s. economy is simply much stronger than we thought just a few quarters ago. second, these deals show that there are ceos who are willing to give up or share their empires in order to make money for their shareholders. oh, cramer, these people are so rich. i know they're not sacrificing financially. that's not the point. the target ceos will all do well but these guys are empire builders. finally, even as the sale of the stock indicates in a symbolic way, these deals show the companies are listed -- that are listed themselves are often worth far more than they're currently trading for. that's not an aberration. it happening marketwide. think about it. we have a financial brokerage company, right, stocks and oil service company, a tech concern and an insurer's business bringing out value virtually overnight. here's the bottom line. we can be riveted and saddened by what's going on in washington or angry, the refusal of all politicians to rise above their milieu or we can be constructive and search for the opportunities that are right there in front of us, in m
they have a man in their custody they believe is connected to the attack on the u.s. consulate in benghazi on september 11th and killed four americans including ambassador chris stephens. according to an e judicial source the man is identified as being in his late 30s. he is known to egyptian intelligence officials for his connections in the past with extremist groups in egypt and libya and his connections with groups in afghanistan and iraq. after the country's revolution he managed to escape from a prison where he was being held. it was shortly afterwards he emerged on this scene for egyptian intelligence officials who say he began trading in arms between libya into egypt and then ultimately onto gaza. right now there's no indication what role he may have played precisely in the attack on the u.s. consulate. he is being held in egyptian custody. there were some conflicting reports as to when he was actually detained. some suggested he was arrested on friday morning. there were other reports suggesting he had been arrested several weeks ago. right now he remains in egyptian custody. he ha
will not testify for now.ecovering from that concussion. john bolton, former u.s. ambassador to the u.n. and fox news contributor and good morning to you. >> good morning. bill: tell me about this review board, what do they do, who is a part of this? >> it was appointed by the state department itself to look into the incident at benghazi. this is a standard procedure. i'm sure they have written a thorough report but it will not be the end of the controversy. bill: why would it not be if it is a thorough report. >> the people did the appointing are the people who did the questions. i don't think the conclusions will necessarily withstand scrutiny. they could cover three main areas. one, why did the stated department reject continued requests for enhanced security for before september the 11th? number two, could we have done more to protect our people during the attack. and numb 3, who came up with this ridiculous story that the whole thing was provoked by the mohammed video. bill: you think you get answers to all three in a review like this. >> you have the capability of it, i do? >> this is not
of those who serve and the fallen. the u.s. military this year so far, john, has lost 305 in afghanistan. >> so important to remember, barbara. as you said, the doctor and the mission was successful. the doctor was rescued? >> yes, he was. taken to a u.s. military hospital where he's recovering. i think we can expect him to be on his way home to see his family very shortly. you know, i just wand to add, the u.s. military has specially trained hostage rescue teams that are special forces. it's some of the most dangerous business that the u.s. military can do. but by all accounts the navy seal was killed by small arms fire which suggests, and we don't know the details yet, that certainly suggest that's there was quite a fire fight during this mission, john. >> barbara star from the pentagon, thank you. >>> let's get you up to date. here is christine romans with this morning's top stories. >> president obama and house speaker john boehner finally meeting face-to-face over the fiscal cliff. they sat down at the white house yesterday. neither side is discussing details. both agree the lines o
and losses have been picking up in the last hour or so as we've seen renewed concern about the u.s. fiscal cliff whether a negotiation could be reached. we saw some optimism in the asian session overnight. i want to draw your attention to the most important story potentially for 20123 and that's what's happening in japan. you guys may recall yesterday it was up .9%. this market has been on a tear this year. it's up more than 20 one of the best asset classes. the yen continues to weaken. there's two reasons why we're focusing here. we got weak economic data out of japan. industrial production decline. we saw core consumer prices decline. we can show you, though, what's happening with the yen. we're seeing the new finance minister coming out and saying to other countries, you know, look, we're not trying to materially weaken our yen and you have no place to accuse us of doing so. he says a strong dollar policy would benefit the u.s. very much so. and, again, might benefit japan, too, because that will make it a lot easier to get that yen lower. today, the dollar/yen is up .2% because it's im
targeting the u.s. facility. at the same time the state department increasingly was relying on a local libyan militia known as the 17th february brigade as well as on outside security contractor to protect the consulate. the report concludes neither provided meaningful defense on the day of the attack. jenna: what about the hearings? will secretary clinton testify on any of this information? >> reporter: well the unclassified report is lengthy but a key piece is missing. it does not address the policy piece. for example, why was it that secretary of state hillary clinton and her office felt that a smaller, or light footprint was necessary or was justified in eastern libya given the intelligence about the deteriorating security conditions? just a short time ago a senior republican here on capitol hill said secretary of state hillary clinton must testify. >> i do think it's imperative for all concerned she testify in an open session prior to any changing of the regime. i think that that's very important for her. i think it's very important for our country and i think it's very important
, everyone. >>> u.s. forces in afghanistan have repelled an attack on a joint base. taliban suicide bombers assaulted the jalalabad early this morning. striking a gun battle that lasted two hours. all of the attackers were killed. no u.s. troops were injured. >>> new details this morning on that deadly bus crash at miami international airport. two people were killed when a religious group's bus slammed into an overpass because the driver took a wrong turn. >> reporter: good morning, ron. as many three people are clinging to life this morning after that crash in miami. >> very bloody. everybody had cuts and scrapes. >> reporter: the entire front of this bus, caved in and the ceiling collapsed injuring more than 30 and killing one 56-year-old and other 80-year-old senior citizen. the driver got lost and somehow managed at the miami international airport, plowing his bus through. >> we're not sure why he misjudged the terminal building. >> reporter: at a nearby hospital, one injured person after the next got rushed in on gurneys and across america it's a scene that tragically plays out time an
on and take a look at some other data here. what's the biggest threat to the u.s. economy? slow job growth, 9%. moving on here to the next one, the euro crisis, that's come way down, 11%. the next one is going to be 33%. the winner, the fiscal cliff, 35%. what are people saying about the fiscal cliff? we have people write in, and i believe that's what we'll look at next. we'll look at the probability of a u.s. recession. that has come up. in part because of the fiscal cliff concerns. it was 19% back in march. a high of 36%. so we're halfway between the low and the high pretty much. this is a 13-month high for the probability of recession. now we want to show you what people are saying about the fiscal cliff, allowing the economy to go over the cliff would be extremely reckless, says donnelly. they're going out to try to help the unemployment rate. wall street doesn't believe it's going to happen. they do believe it will help lower mortgage rates and the unemployment rate and not a lot of help expected for the stock market. melissa? >> steve, thanks for that. that's interesting stuff there. >>
growing criticism over the last several weeks because of the way that she portrayed the u.s. consulate in benghazi. she blamed an angry mob, not a terrorist attack by al qaeda. rice has said that she was working off of information she had at the time, but republicans largely led by senator john mccain have accused her of misleading the american people and said because of that, they wouldn't support her nomination. it was that pushback that led her to give a letter to the president saying that she did not wish to be considered. she said she believed the confirmation process would be long, lengthy and disruptive and just not worth it to the country at this time. president obama did accept that decision, and then said that he regretted it but also said that it spoke to her character. she will likely continue to work close w closely with the president, either as his u.n. ambassador or as his security adviser. he will likely now nominate senator john kerry. larry? >> many thanks. on top of the susan rice story, we are also learning tonight that retired nebraska republican senator chuck hage
as if the u.s. government would not pay interest on its debts. have -- you know perfectly well will is about a million things. i have been in the country where they ran out of borrowing capacity and managed important several years to survive without that borrowing capacity. there's a million things you can do before. you don't pay your debt on the u.s. treasuries before you stop paying social security, before you do lots of other things. is he purposefully trying to elevate this to a situation that frightens people? >> in many ways -- this is like the mayan calendar. they said the world would end december 21. we are all still here. the fiscal cliff negotiations and the debts limit thing are not the end of the world and we will figure it out. the most important thing to keep in mind is long term. we want to have a healthy fiscal situation. we have to have a healthy economy. we have to address growth. here's something else that is -- totally missing from this conversation. >> jimmy? >> understand that the executive branch is required under federal law to notify the legislative branch that, fac
-runner for the job after the u.s. ambassador to the united nations, susan rice, withdrew her name from consideration last week. during the announcement the president indicated that kerry's senate career makes him more than capable for the job. >> in an extraordinarily distinguished senate career and as chairman of the foreign relations committee, john's played a central role in every major foreign policy debate for nearly 30 years. as we turn the page on a decade of war, he understands that we've got to harness all elements of american power and ensure that they're working together. >> secretary clinton wasn't present for the announcement. she's still recovering from a concussion. but in a statement she said that kerri is re is an excellent choice. north korean state media is reporting a u.s. citizen has been arrested in north korea for committing an unspecified crime. they say a tour guide entered north korea more than a month ago, was eventually detained after evidence was uncovered of some sort of crime. this comes ten days after a u.s. official said an american with a similar name was detained i
at 11:15 eastern. "booktv." >> according to a report, the u.s. now has more student loan debt and credit card debt. next, a discussion on how to ease the debt burden on students and their families. hosted by propublica and the lower east side tenement of new york city. [applause] >> with a degree comes student debt. i'm really happy to be here tonight. it is great to take some time, to have this many and this whole set up to discuss these things, and these issues. i think propublica does a fantastic job with this, as they do with everything. we are happy to have a fantastic panel with the array of experts you would want to be discussing this issue. marion has been covering this for propublica, and a month ago had a fantastic piece that would-be the result of months of investigation of the debt burden on parents. that is an aspect that not a lot of people have been talking about. although you may have read about it on the cover of the "new york times" today, a month ago is when she began talking about it. we have the publisher and author of a best seller called "secrets to winning a schol
then ran for the u.s. senate as an independent but lost. now to this. ♪ >> south korean singing sensation psy gears up for a huge performance this weekend. there are no revelations about anti-american -- this anti-american rap song they did a few years back. the song "dear american" includes lyrics like kill those blanking yankees who have been torturing iraqi captives, kill their mothers, daughters, mothers-in-law, fathers. psy has since apologized saying the 2004 rap was protesting the killing of a south korean hostage by iraqi insurgents. but psy will still perform at the christmas in washington concert this weekend where president obama and the first family will be looking on. and senator stevphen colbert? south carolina governor nikki haley says that ain't happening. the palmetto state resident said he'd like to replace the outgoing representative. he explained why he'd be a great senator. the governor was not moved. her season? what she called stephen colbert's, quote, big, big mistake. >> what's the state drink? >> there's a state drink? >> it's milk. i didn't realize my state was
's been a gang buster year for the markets. unfortunately, the average u.s. investor out there has largely been on the sidelines. money in bonds, money into money market funds continuing to flow in the month of november. unfortunately, even as we do see a very, very good year for the stock market, not many investors are really taking part in this. >> i think we saw finally an outflow for bond funds in well over a year last week. that has been a rarity. we've warned many of our viewers, be careful of the duration risk. we're going into another year where many people are at least saying, okay, is the rally over? the 30-year rally in bonds, is it over? if it is, what is it going to mean? we've had people saying that the last three years. everybody's best trade was to short the long bond. it ended up being one of the worst trades you could make the last couple of years. >> in terms of being careful, speaking of being careful, today will be light volume, shortened session, but light volume. who knows what that could lead to. if you wanted bury bad news, christmas eve is the perfect day to do it
in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> we've been talking about the tragedy in newtown, connecticut. and that was not the only news story this week. one important story that was uncovered before the friday shooting. the future of women's under the violence act. it provided billions of dollars to investigate violent crimes against women but it expired. they offered to expand the bill with a new protection for same-sex couples, american indians and undocumented immigrants. so the house balked so in tuesday at a rare show of defiance in their own party leadership ten house rips signed on to a letter written by democration asking house supremer john boehner and majority leader kantor to on the reauthorization of the violence against women act bringing a bill inclusive of
the cliff. they'll downgrade the u.s. debt. but that's it. by the way, we have already proven through nine ways of sunday that -- when our credit rating got downgraded last summer. well, bonds went up in price and down in-year-old. -- in yield. so why not do nothing? why doesn't the president say we're just going to keep bonds the way they are. and we're not going to cut entitlements because we know if we don't cut taxes, the republicans will go along with their no tax pledge and the markets will go higher and no one will care, for now. but he told us that's not going to happen, and he got re-elected. what does it matter? it doesn't raise a lot of money. why didn't he just say that we're taking the able of social security to 6, cutting the military budget. the democrats will be committing political suicide and the republicans. that's why i was hoping that congress would rise above and figure out a more reasonable way to spend less and take in more money over time and get the budget over time. the moronic cliff doesn't hurt. what do we need? i have to use his words because it's like a curse
: the u.s. ski industry is heading downhill. a new study reports the winter tourism industry experienced an estimated one billion dollar loss over the past decade, due to, climate change. with the u.s. on track to have the warmest year in its history, the ski industry is being dealt another brutal blow. joining me is bob dean from the national resources defense council. one of the groups behind that particular study. bob, thank you. welcome to the show. >> thank you, sandra. good to be here. sandra: so let me get this straight. you're blaming the warm winters, lack of snow on climate change? >> absolutely. you mentioned sandra, we're on track as of end of the november we had the hottest year on record in this country. 3.3 degrees hotter than the 20th century average. it hurt our farmers and ranchers, devastated worst drought in 50 years. fires detroit nine million acres of forest and fields. we'll seeing it on the ski slopes. climate change for the slopes means less snow on the ground, feuder skiers on the slopes. if you make your living in the business, less money in the wallet and payc
of surrender? based on what you know, what do you think? plus why hamid karzai blames the u.s. for damage in that war torn country in an exclusive interview with nbc news. [ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit an
as a result of antitrust here in the u.s., a americaning of the two equity platforms of nasdaq and nyc. nyc kept as it, and my reporting is, let's call it september or so, right at the end of the summer, early fall, an overture was made to the nyc about a potential deal. discussions continued at that point and continued for a number of month ending with this morning's announcement from the two of them that they did in fact have a deal. fair >> david, what i'm hearing is that the cme group wanted to offer an even higher bid for the new york stock exchange. however, with this clearing agreement that the nyse has agreed to with i.c.e., that's probably not going to happen at this point, this is the deal that nyc is going to go with because apparently cme approached the ceo in the last couple of months, but it was probably too late. the nyc went ahead with i.c.e. and had been too further along. the question now, bob pisani, what happens with the other exchanges, hong kong, nasdaq? what are we seeing next in terms of the next target in the exchange space? >> well, at the very least, it's helped i
investors have pulled at least $380 billion u.s. stock funds from april 2007 and it's the first time ordinary investors have sold during a bull market since world war ii. >>> mortgage rates headed down last week according to freddie mac. the 30-year fixed rate average was 3.35%, just 0.04% from the 40-year lowest on record since 1971. the average on 30-year fixed rates was 3.66%, the lowest in 65 years. michelle, it seems like a good time to buy. >> yeah, maybe. >> thank you, seema, if you can get the loan. >>> why when we just upgraded their trade status in we're about to get answers from a russian expert just ahead. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit offection. report. i'm michelle caruso-cabrera. >> gun control advocates talk about great laws in gun ownership if great britain. there's only one problem, they don't work. they seem to have made things even worse. we'll talk more about that and it happens to
is very much pro-u.s., pro-growth, and bring us back to growing us inside and promoting that as opposed to saying a more broader scope. i think that broader scope will come about when you have a person with the ability to do that. i think in the end, it is about looking at their character, looking at their record, and what they have achieved. not about some video being shown. i think a has to be about real things being done to help the country. that is what i want to see. if that is what she can bring forth, great. host: by the way, here is a follow-up tweet by vatxn. now we know what that stands for. from "politico" this morning -- that is a little bit from "politico" on that fiscal cliff. david, thank you for holding. caller: yes, good morning. host: what do you think about hillary clinton could go future? caller: i do not think she will run. [indiscernible] we have the man that we need [indiscernible] we are not working. there is no way the government can be supported. host: that was david from georgia them but we are able to bring you some live events to date on c-span. this afterno
intervention, more than half say the u.s. and other countries should not send military planes and missiles to help the opposition fighters set up a safety zone. >>> in kabul earlier today an afghan police officer shot and killed an american contractor. this was inside police headquarters. this attack comes just a day after five afghan police, they were killed by their commander who police say was a taliban infiltrator. more than 50 have been killed by inside attacks this year. barbara starr, this is one of the main concerns as you know of the police of the forces, the international forces inside of afghanistan. you've got these rouge actors that infiltrate and are a part of killing what they -- these inside killings, the green on blue and blue on blue. tell us what happened. >> there's very little information available so far, suzanne. as you said, someone in an afghan police uniform. what is so interesting about this tragic incident is it was a woman in an afghan police uniform. whether she was a member of the afghan police or perhaps an infiltrator that stole the uniform somehow i think
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